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      "text": "(1) See slide 41 (2) See slide 41 for key assumptions... (3) Existing Appreciate shareholders will have the option to receive three tranches... (4) PropTech Investment Corporation II obtained a $100 million committed equity facility...",
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      "text": "Capital Structure: Funded by PTIC cash and common stock; zero debt; $159 million net cash; $100 million committed equity facility.",
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      "text": "Valuation: Implies a pro forma combined enterprise value of approximately $416 million; existing shareholders roll over 100% of equity.",
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      "text": "Business Combination Structure: PropTech Investment Corporation II intends to complete a business combination with Appreciate; targeted to close in Q3 2022.",
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